POST OFFICE MIS INTEREST

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Querist : Anonymous (Querist)
04 June 2011 POST OFFICE MIS INTEREST ARE EXEMPTED FROM TOTAL INCOME ?

04 June 2011 No, Interest on post office MIS is taxable under the haed Other Sources

04 June 2011 However benifit of 80C can be availed on the amount deosited. Interest received is taxable.




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